Friday, October 8, 2010

Toni Braxton's Money Woes!

Toni Braxton was once a multi million selling artist who probably made millions as one of the top female R&B artists. Braxton even had a successful Las Vegas stint that was cut short by a heart condition. Unfortunately for Braxton, although she had insurance, the company states that because she had a preexisting condition that it wasn't going to cover the losses that resulted from her leaving the Vegas show. Now Braxton has been forced to file bankruptcy with debts that she states could be as high as $50 million. Braxton didn't write on any of the hits that she sang when she was with LaFace records, so she has no residual income when they're being played on the radio.

Artists such as Janet, Mariah and even Mary figured out that part of the music business a long time ago, so long past when they're careers are over, they still will be receiving paychecks. Too bad Braxton didn't ask for songwriting credit on those early hits that are getting played throughout the world. The music business is unforgiving if artists don't have the savvy to use it to their benefit.


Anonymous said...

I love me some him-Toni Braxton

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